USDCHF showing bullish biasUSDCHF, after testing a strong support level, the price has bounced, forming a cup and handle bullish pattern. Currently, the price in trading on the beginning of the cup's handle, creating a bullish pin bar on H4 and supported by an ascending trendline in the H1 realm, the pair is opening long entry opportunities.
Waiting for the H4 candle to close to dive in, as shown in the chart. Long entry with an R:R | 1:5.
--
*** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***
Usdchfforecast
USD/CHF- Bearish Elliott Wave PatternHere's the daily chart of the USD/CHF. It started to make a bearish Elliott wave from the 23rd of April 2019. There is a symmetrical triangle in the 3rd wave. 4th, 5th and Corrective waves are remaining. 4th will be at 38.2%, 50% , or 61.8% . The trend is moving upside to make a perfect 4th wave. And for that, it has to hit the following targets 0.8990 - 0.9050 - 0.9200 - 0.9400+
But if it starts to make a downward movement instead of an upward. Then, it can be said the failure of the Elliott wave pattern. And in this scenario, the targets will be following 0.8780 - 0.8600 - 0.8400 .
USD/CHF- Will Complete Head And Shoulders Pattern?Here's the USD/CHF 15m Chart, and we can see here the possibility of the Head and Shoulders. The last shoulder in the making process. The trend has to cross the following levels ( 0.8886 - 0.8896 - 0.8900 )to make the shoulder, and it will go up to around 0.8906 . After that, it will start to fall and touch the neckline ( 0.8871 ), and then after crossing the neckline, there can be a short reversal, but it will fall to the following target 0.8866 - 0.8859 .
But what if it starts to march upwards?
If the trend continues to move upside, that means the failure of the head and shoulders pattern. And the targets for the uptrend will be 0.8910 - 0.8913 - 0.8920 .
Fibonacci Retracement:
Swing high: 0.9174
Swing low: 0.8822
USDCHF| FALLING WEDGE|ANALYSISPRICE ACTION:
• Price action finds first resistance (1), where it reverses direction and goes downwards till
finding first support (2).
• Price action reverse direction from support (2) and goes upwards, till finding the second
resistance (3) which must be lower than the first resistance (1).
• Price action reverse direction from resistance (3) and goes downwards, till finding the
second support (4), which must be lower than the first support (2).
• The pattern is completed when price action reverse direction from (4) and goes upwards till
it breaks the wedge's upper border at point (5).
TRADING THE PATTERN
• Trade entry: after breaking the wedge's upper border at point (5), with an entry after
confirming the breakout.
• Take profit: identified by measuring the vertical distance from the wedge's highest high (1)
to the wedge's lower border, that measurement is then applied from the breakout point
(5).
• Stop loss: the wedge's lowest low (4).
PLEASE LIKE THE IDEA IF YOU FOUND IT USEFUL.
USDCHF | Perspective for the new weekIt is over 200pips in our direction since my last publication on this pair (see link below for reference purposes) as price respects and completes my Descending channel expectations; The USD/CHF is rose sharply on Friday and climbed to Fr0.89000, thereby hitting it's the highest level since Wednesday. The question now is "Are we at a new Demand zone anticipating a surge?" Well, Let's see as price response to this key zone @ Fr0.88800 in the coming week shall either support or disagree with this bias.
Tendency: Uptrend ( Bullish )
Structure: Reversal pattern | Breakout | Supply & Demand
Observation: i. The Bearish run that began in November 2020 appears to have found the bottom to make a new Demand zone.
ii. The spring of a Bullish engulfing candle on Friday do has a piece of underlying information that needs further confirmation to make a decision on this pair.
iii. In this regard, Patience is key as I shall be looking out for a correction into the Demand zone followed by engulfing candles that will support a rally.
iv. It is also appropriate that we do not ignore the strong breakout of the bearish trendline as the price appears not to respect it anymore.
v. A significant breakdown of Fr0.88600 might consider this setup invalid as we continue to look for candles that support a surge from Demand zone.
Trading plan: BUY confirmation with a minimum potential profit of 140 pips.
Risk/Reward : 1:5
Potential Duration: 2 to 5 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDCHF – Get ready to see USD Comeback....We have seen massive greenback weakness this year but I’m expecting that to end soon. USDCHF is the best USD realated pair right now with the clearest structure in my opinion. This pair has reach the bottom of HTF corrective descending structure, while forming another perfect descending structure in the LTF. The area that the price sits now is really unreal.
I’m expecting to see some momentum to break this descending structure to the upside.. After that we will find a break of small bullish continuation structure to confirm the move to the upside..
Lets see how will this pair develop,.. Good Luck
__________________________________________________________________________________________________________________________________________________________________
Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
Follow me on my other channel and don’t miss any updates:
__________________________________________________________________________________________________________________________________________________________________
USDCHF 100 Pips Swing trade Will it break 100,200 EMA resistanceUSDCHF
*********
⏳14 Hour chart
🎲 Swing trade
⛳️Bullish entry
—————-❇️——————-
Detailed analysis 💬
1️⃣ 0.90000 Swiss national bank intervention level
2️⃣ 0.90000 Strong trend reversal area
3️⃣ Positive risk sentiment, Vaccine news, Selling off CHF
4️⃣ RSI has reached around 39.00 Oversold condition
5️⃣ MACD about to cross the signal line, histogram is slowly fading towards green
6️⃣ Stochastic reached below 25 Oversold condition
7️⃣ Short term Technical support - Bullish
8️⃣ 50,100,200 EMA cluster resistance for bull
9️⃣ Bollinger bands reached lower side of the band
🔟 Possible swing target-0.91400 (23.6% Fibonacci) Point of control area
#️⃣ Overall long-term trend- Bearish
—————-⚜️——————-
Bullish entry #usdchf
Entry price -0.90400
Take profit 01 - 0.90900 (50 Pips)
Take profit 02 - 0.91400 (100 Pips)
🚫 Stop lose 0.90050 ( 35 Pips)
⬆️ 1.11% Growth expected
⤴️ Account growth .39 : 1.11
✅ Risk reward ratio 1 : 2.84
—————-⚜️——————-
USDCHF | Perspective for the new weekWith over 100pips running in profit since my last publication (see link below for reference purposes), the US dollar has continued its downtrend against the Swiss franc for the fourth consecutive day. Signs of a further decline in the Greenback continues to be emphatic as price breaks down and retest Fr0.90800 to make new Resistance level for future "sells".
Tendency: Downtrend (Bearish )
Structure: Trend Channel | Breakdown| Supply & Demand
Observation: i. Price appears to continue to respect the Downtrend that began in April 2019 as it gets caught in a Descending channel pattern.
ii. Connecting the lower highs and lower lows of price with parallel trendlines support my downward trend bias.
iii. Price making lower low since the beginning of the month points at the sellers' momentum at this juncture as we experienced a significant Breakdown followed by a retest of Fr0.90800 level last week.
iv. For me, Fr0.90800 level shall be my yardstick (new Resistance level) for selling opportunities in the following week(s).
Trading plan: SELL confirmation with a minimum potential profit of 150 pips.
Risk/Reward: 1:5
Potential Duration: 1 to 4 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDCHF | PERSPECTIVE FOR THE NEW WEEKOur last publication on this pair fetched 247pips profit (see link below for reference purposes); Price action caught within the sandwich of Supply and demand zone (bearish Rectangle) since the Impulse leg that began late April 2020, we continue to see the potential of shorting the USD/CHF pair despite the recent news regarding the COVID-19.
Tendency: Downtrend ( Bearish )
Structure: Bearish Rectangle | Supply and Demand | Trend
Observation: i. Within the Supply and Demand zone, it is observed that price continue to find it difficult to test the Supply zone since Sep. 2020.
ii. Hence, justifying recent Lower Lows as the rejection of 0.92000 level on the 2nd & 11th Nov. 2020 (Double Top) points toward the risk of further decline in the coming week(s).
iii. It is also worthy to note that the little Breakdown of 0.90000 in the previous week hints at the strength of the Sellers at this juncture.
iv. Breakdown and retest of 0.90000 in the following week(s) will open a window for me to add volumes to my Sell positions.
Trading plan: SELL confirmation with a minimum potential profit of 400 pips.
Risk/Reward: 1:4
Potential Duration: 10 to 20 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USD / Chf time to buy, but not now.USD / Chf time to buy, but not now.
What I see from usd / chf at the moment is that the price has broken through to SnD2, at that time there was a bullish movement, then the price returned to point X to retrace.
Usually, when the price breaks the SnD twice, the trend has shifted.
at the moment I see Usd / Chf retrace, its validation is a few pips below X.
if the price continues to fall, the analysis to buy in the green area is definitely invalid.
USD/CHF SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
USD/CHF: Daytrade-Execution
Notice: Market kinda choppy today! Keep your risk low with an aggressive management!
Market-Sell-Order:0,90580
Stop-Loss: 0,90740
Target 1: 0,90430
Target 2: 0,90350
Target 3: 0,90200
Target for One-Target-Trader: 0,90350
Stop-Loss: 16 pips
Risk: 0,5% - 1%
Risk-Reward: 2,46
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)